Southbridge Neighborhood- Waunakee, WI Real Estate Market Report and Absorption Rate Trend
Southbridge Neighborhood on Waunakee's Southern Edge shows us a fairly active and balanced market. With 31 homes sold over the past year (2.58/month) and 15 homes currently on the market we get a Months of Supply on Market at 5.81. Remember that we are considering 6 months of supply a balanced market.
Homes are getting around 95% of first list price and averaging 106 days on the market. The average sales price in the last 12 months was $465,000 and the average price per sq ft is holding steady at around $127.00.
The 4 homes under contract seem to fall in line with the sold's in terms of their numbers as well.
A well balanced market in a higher price range.
John & Vicky Schroeder -Restaino & Associates REALTORS®
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